Apply the relevant accounting and disclosure treatment to reporting standards for financial instruments.
Applying International Financial Reporting Standards to Financial Instruments
A practical programme in reporting standards for financial instruments for professionals who are accountable for results, not just awareness.
Course Overview
In finance the difference between a healthy position on reporting standards for financial instruments and a dangerous one is often a single assumption. The audit trail behind financial instruments matters as much as the decision itself. The course gives participants a defensible structure for the practice within financial and banking practice and the judgement to adapt it. The outcome is a practitioner who can hold a position on reporting standards for financial instruments and revise it on evidence. Exercises escalate in difficulty, ending with the ambiguous situations that make the financial and banking practice discipline hard in practice. It is appropriate for those preparing to take on wider responsibility for financial instruments. The most reliable predictor of sound reporting standards for financial instruments is whether anyone reviews it when nothing has gone wrong. The difficulty is not agreeing that financial instruments matters — it is deciding what to stop doing to make room for it. It closes by agreeing the smallest change to this area of financial and banking practice that would make a visible difference.
Expected Learning Outcomes
Establish what evidence would demonstrate that financial instruments is under control.
Build the client due diligence and monitoring appropriate to reporting standards for financial instruments.
Document the approval chain for exceptions to policy on financial instruments.
Build a register of the risks attaching to reporting standards for financial instruments and keep it current.
Prepare the regulatory submissions arising from financial instruments.
Anticipate the objections that reporting standards for financial instruments will attract internally and answer them in advance.
Who Should Attend
Officers preparing reports on reporting standards for financial instruments for boards or oversight committees.
Managers with direct responsibility for financial instruments within the business line.
Risk managers responsible for reporting standards for financial instruments.
Credit and underwriting officers assessing financial instruments.
Investment and portfolio managers exposed to reporting standards for financial instruments.
Treasury and asset-liability staff managing financial instruments.
Course Modules
Reporting standards for financial instruments: audit evidence and examiner readiness
2 sessions · 8 pointsSession 1Building lasting competence in reporting standards for financial instruments
- Identify the data already collected that bears on reporting standards for financial instruments.
- Review the pricing of financial instruments against the risk being assumed.
- Distinguish symptoms from causes when reporting standards for financial instruments underperforms.
- Confirm that those complying with financial instruments understand why it exists.
Session 2What financial instruments does to capital and liquidity under stress
- Confirm segregation of duties across initiation, approval and settlement of reporting standards for financial instruments.
- Close out actions on financial instruments rather than leaving them open indefinitely.
- Check that reporting standards for financial instruments still works when volumes rise unexpectedly.
- Verify reconciliation and settlement controls covering financial instruments.
Financial instruments: stress testing and scenario analysis
2 sessions · 8 pointsSession 1The control on financial instruments that looks strong and is not
- Test reporting standards for financial instruments against a scenario the organisation would rather not model.
- Build the competence framework that supports financial instruments.
- Prepare the response for the most likely failure in reporting standards for financial instruments.
- Design the exception process for financial instruments and require a documented rationale.
Session 2Setting a limit on financial instruments that will actually be respected
- Decide what will be stopped to create capacity for reporting standards for financial instruments.
- State the risk appetite for financial instruments as a number, not an adjective.
- Agree the smallest change to reporting standards for financial instruments that would be visibly useful.
- Confirm regulatory reporting on financial instruments is complete, timely and reconciled.
Financial instruments: reporting that supports a decision
2 sessions · 8 pointsSession 1Moving financial instruments from approval to execution
- Prepare the evidence pack demonstrating reporting standards for financial instruments operated as designed.
- Agree who signs off financial instruments and record that they did.
- Set escalation thresholds for reporting standards for financial instruments that work out of hours.
- Translate the appetite for financial instruments into limits someone monitors daily.
Session 2Concentration building quietly inside reporting standards for financial instruments
- Document the remediation plan for each known weakness in reporting standards for financial instruments.
- Rank the weaknesses in financial instruments by consequence rather than by ease of fixing.
- Define the trigger that would require reporting standards for financial instruments to be redesigned.
- Check the accounting treatment applied to financial instruments against current standards.
Financial instruments: measurement, models and their assumptions
2 sessions · 8 pointsSession 1Pricing financial instruments for the risk actually taken
- Verify six months later that changes to reporting standards for financial instruments have held.
- Prepare the summary of financial instruments that senior management will read.
- Build the internal briefing that explains reporting standards for financial instruments to those affected.
- Set early warning indicators for financial instruments with defined action thresholds.
Session 2What has to be agreed before work on financial instruments starts
- Confirm reporting on reporting standards for financial instruments reaches the committee that can act on it.
- Establish who is informed, consulted and accountable in financial instruments.
- Assess the capital consumed by reporting standards for financial instruments under current and stressed conditions.
- Check the legal and contractual exposure created by financial instruments.
Choose the package that suits you
Silver Package
At least 3 people
- Workshop or Program Participation
- Airport Transfers
- Customized Badge
- Expert Mentorship (Private Sessions)
- Supervision & Secretarial Services
- Accredited Certificate of Participation
- Complete Training Kit
- Coffee Break
- Closing Ceremony
Gold Package
At least 3 people
- 5-night stay in a 5-star hotel
- Workshop or Program Participation
- Airport Transfers
- Customized Badge
- Expert Mentorship (Private Sessions)
- Supervision & Secretarial Services
- Accredited Certificate of Participation
- Complete Training Kit
- Coffee Break
- Closing Ceremony
Complete your registration
We will contact you within one business day to confirm.